Avient Corp (AVNT)

Operating profit margin

		Dec 31, 2023	Sep 30, 2023	Jun 30, 2023	Mar 31, 2023	Dec 31, 2022	Sep 30, 2022	Jun 30, 2022	Mar 31, 2022	Dec 31, 2021	Sep 30, 2021	Jun 30, 2021	Mar 31, 2021	Dec 31, 2020	Sep 30, 2020	Jun 30, 2020	Mar 31, 2020	Dec 31, 2019	Sep 30, 2019	Jun 30, 2019	Mar 31, 2019
Operating income (ttm)	US$ in thousands	196,800	154,100	160,400	198,200	243,300	293,000	305,200	313,200	331,400	346,300	327,000	256,900	189,300	144,800	154,400	162,500	156,800	166,500	172,100	175,600
Revenue (ttm)	US$ in thousands	3,025,600	3,616,800	3,679,400	4,170,600	4,630,600	4,533,100	4,947,900	4,877,400	4,743,500	4,556,500	4,250,500	3,627,700	3,186,800	2,848,400	2,643,400	2,938,100	3,120,000	3,295,400	3,473,000	3,484,000
Operating profit margin		6.50%	4.26%	4.36%	4.75%	5.25%	6.46%	6.17%	6.42%	6.99%	7.60%	7.69%	7.08%	5.94%	5.08%	5.84%	5.53%	5.03%	5.05%	4.96%	5.04%

December 31, 2023 calculation

Operating profit margin = Operating income (ttm) ÷ Revenue (ttm)
= $196,800K ÷ $3,025,600K
= 6.50%

The operating profit margin of Avient Corp has shown a declining trend over the past four quarters. In Q4 2022, the operating profit margin was at its highest level of 8.16%, but has since decreased gradually to 6.26% in Q4 2023. This downward trend indicates that the company's operating expenses may be increasing at a faster rate than its operating income, resulting in a lower margin of profit from its core business operations. It is important for Avient Corp to closely monitor and address the factors leading to this decline in operating profit margin to maintain and improve its overall profitability in the future.